Jim Cramer: How Markets Work; A Case Study In Pundits: Savaged By The Truth by CSInvesting
How Markets Work
Bull-market-top-in-for-the-u-s-dollar/ (Video-Market Psychology)
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Jim Cramer at his best
In short, Maier is contending that advice Cramer was giving the public under the guise of helping them manage their savings (“SmartMoney“) was actually being driven by Cramer’s need to dump his own positions without cratering the market. When a trusting public acted on Jim’s tip and bought shares, he dumped his shares onto the public. The only lesson Cramer learned from the “four orphans” incident, Maier claims, was that he, Cramer, had the power to move stocks through the press.
The link above has an amazing article written by Patrick Byrne on the slimy sleaziness of Jim Cramer.